• Source: SM Quiapo

SM Store Quiapo (also known as SM Clearance Outlet and SM Carriedo) was the first SM store, opened in 1972. The store was owned by the Chinese-Filipino billionaire Henry Sy and it is currently being managed by SM Investments's foundation, SM Department Store Inc. The store has been renovated and relaunched under the name SM Clearance Outlet.




History


Henry Sy established shoe stores in Manila which were Plaza, Paris and Park Avenue which started with letter "P" prior to establishing the store that would be known as SM Quiapo. In 1958, he established a shoe store in Carriedo, Manila, which he named Shoemart after he was not able to come up with a name starting in "P".
The store was later expanded and began to sell clothes and accessories aside from just shoes. In 1972, Shoemart was expanded and became the first SM Department Store.




See also


SM North EDSA




References

Kata Kunci Pencarian:

• SM Quiapo
• SM Supermalls
• Henry Sy
• SM Prime
• LRT Line 1 (Metro Manila)
• Carriedo station
• Mercury Drug
• List of shopping malls in Metro Manila
• Shaw Boulevard
• List of bus companies of the Philippines